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Bank AL Habib along with the Government of Pakistan and with the support of the State Bank of Pakistan offers an affordable and flexible Housing Finance Scheme. With the help of this scheme, you can turn your dream of owning a home into a reality and secure your future.

Avail this facility through all our Conventional and Islamic Banking branches.

Apply Now

Working Capital

Key Features

Free Life Insurance
Subsidised Markup Rate
Financing up to PKR 10 Million
Available for up to 20 years
Easy Documentation
Quick Processing
No restrictions and no charges on early repayment
No cap on Property Price

Eligibility Criteria

  • All Resident Pakistani Nationals holding valid CNIC
  • All Non-Resident Pakistani Nationals (NRPs) holding valid NICOP/POC
  • First time home owner.
  • Not Owning any housing unit on his/her name.
  • Minimum Income PKR 25,000/- for applicant and PKR 20,000/- for co-applicant(s)
  • Minimum 3 years proof of business for SEB (Self Employed Businessmen) & SEP (Self Employed Professional).
  • Minimum 2 years employment period for Salaried.
  • Minimum 3 years employment period for Government salaried employees (Contractual)
  • Minimum 5 years employment period for non-government salaried employees (Contractual)

Product Variants

  • Purchase of House/flat/apartment

  • Construction of house on already owned plot

  • Purchase of plot and construction of house thereon

Age (Applicant & Co-applicant)

  • 60* Years for Salaried Individuals and
  • 65* Years for Self Employed Businessmen/Professionals

*at Maturity

Financing Tenor

  • Up to 20 years (subsidy for 10 years)

Early Repayment

  • No restrictions and no charges on early repayment

Insurance

  • Property Insurance

  • Free Life Insurance

    • Financing to Value (FTV) Ratio

    • 90:10 (90% financing & 10% equity)

      • Processing Charges

      • No processing charges. However, documentation/stamping charges will be charged at actual


Frequently Asked Questions

Documents Required

  • GENERAL
    • Application Form
    • Valid CNIC of both applicant & Co-partner (where applicable)
    • 2 passport size color Photographs of applicant & Co-partner (where applicable)
    • Two References with valid CNIC & mobile number (other than relatives)
    • Other financing proof (credit card bills / EMI schedule)
    • Latest education Degree (if applicable)
    • Paid utilities bills (residence &/OR business)
    • Rent Agreement (if applicable)
    • Direct Debit Authority (DDA)
    • Undertaking for first time homeowner
    • Proof of allotment, transfer and/or Title Document of the property to be mortgaged (where available)

  • Proof of Employment (along with length of employment) for example:

    • Employment letter OR Employment Certificate
    • Any valid documentary evidence from employer

    Income Proof document (salary breakup and deductions to be clearly mentioned) for example:

    • Last 3 Salary Slip OR Salary Certificate
    • Previous experience letter (if current employment tenure < 2 years)
    • Account Maintenance Certificate along with last 1 year Bank statement with Salary Credits
    • Last 2 years bonus proof if reflecting in bank statement (if applicable)

  • Proof of Business (stating ownership and length of business) for example:

    • Partnership Deed (if applicable)
    • Bank Certificate for Sole Proprietor / Partnership (if applicable)
    • NTN Certificate
    • Rent agreement of office (if applicable)
    • Professional Degree / Diploma (if applicable)
    • Valid Membership of applicable Professional body (if applicable)
    • Memorandum & Articles of association along with latest Form 29 or Form A (if applicable)
    • Company remuneration certificate (in case salaried director)
    • Copy of ownership title documents of the office (if applicable)
    • Any other valid acceptable business document verifiable from authority fulfilling minimum business tenor requirement.
    • Certificate of incorporation in case of private limited company.

    Income assessment document:

    • Account Maintenance Letter along with at least recent 1 year Bank Statement